On this Wednesday, 12, Justice Luiz Fux revoked the injunction previously granted by him, which suspended the imposition of fines and indemnities arising from the non-compliance with the Minimum Freight Table.

On this Thursday (6), Minister Luiz Fux, in within the Direct Unconstitutionality Action 5956, granted an injunction , valid until the exam of the merit of the Action, suspending the any administrative, enforcement and punitive measures ...

Decree nr. 8.263 has outlined a number of changes to the Tax Regulations governing financial operations/exchanges.

By means of Decree No. 8263, of June 3, 2014 (Decree 8263/2014), published in the Official Gazette of the Union of June 4, 2014, the Brazilian Federal Government decided to reduce to six months the term of the foreign currency loans which are subject to the tax on exchange transactions (IOF) at the rate of 6%.

Unlike the various changes on IOF/FX rates that were recently focused on the past appreciation of the Brazilian Reais, the new provision and the actual foreign exchange rate suggests prudential measure to refrain an excessive depreciation of the Brazilian currency.

Nesta quarta-feira, 12, o Ministro Luiz Fux revogou a própria liminar deferida que suspendia a aplicação de multas e indenizações decorrentes do não cumprimento da Tabela de Frete Mínimo.

Until recently, a UCITS generally could only invest up to 35% of its net asset value in securities issued or guaranteed by any non-OECD government issuer (other than Singapore).

O Governo Federal publicou nesta quinta-feira, 31/10/2023, no Diário Oficial a Lei n° 14.711/2023, denominada Marco Legal das Garantias.

Resolution nº 3221, of July 29, 2004, of the National Monetary Council addresses an old claim of the financial market and expressly authorizes Brazilian companies to raise funds abroad by issuing real-denominated securities.

The concept of peer-to-peer lending ("P2P"), that first evolved in the United Kingdom and United States, is currently a fashionable topic in jurisdictions like Brazil where consumer needs and spending are growing and strict financial regulations apply.

On April 28, 2010, the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA S.A – Bolsa de Valores, Mercadorias e Futuros – BVMF) announced that the first 10 Non-Sponsored Brazilian Depositary Receipts (BDRs) Level I, which represent stocks issued by foreign companies that are traded in Brazil, will be: Apple (click link below to read more)

Two Instructions have been issued to date by the Brazilian Securities and Exchange Commission (CVM) to regulate the reporting of information about several kinds of investment funds, they are: Instructions CVM No. 405 and CVM No. 407, of February 27 and May 10, 2004, respectively. Instruction CVM No. 407 is actually a slight adjustment of Instruction CVM No. 405.

On November 14, 2012 the Board of Directors (Diretoria Colegiada) of the Central Bank of Brazil (Banco Central do Brasil – Bacen) approved Circular No. 3614 of the same date (Bacen Circular 3614/2012), establishing new conditions for the issuance of the Real Estate Credit Bill (Letra de Crédito Imobiliário – LCI) and authorizing investments banks (bancos de investimento) to also issue LCI.

On December 30th, 2010, the Brazilian Federal Government enacted Decree n. 7412/2010 ("Decree 7412") which changed certain rules connected with the tax on foreign currency exchange ("IOF/Exchange") and on transactions with securities ("IOF/Securities").

At the meeting held on February 15, 2011 the Board of the Brazilian Securities and Exchange Commission ("Comissão de Valores Mobiliários" - CVM) approved Decision No. 31 of December 16, 2010 issued by the Common Market Council ("Conselho do Mercado Comum" - CMC) of the South Common Market - MERCOSUR, known simply as MERCOSUR Decision 31/10, which refers to minimal regulation of the securities market on the preparation and disclosure of financial statements for transactions made in the MERCOSUR

On March 29, 2012, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) decided to amend the provisions of CMN Resolution No. 2723, of May 31, 2000 (CMN Res. 2723/2000), which sets forth detailed rules, conditions and procedures for installing dependencies abroad and for the direct or indirect equity interest in Brazil or abroad by financial institutions and other entities authorized to operate by the Central Bank of Brazil (Banco Central do Brasil – Bacen).

On September 21, 2018, Supplementary Law No. 182/2018 was published in the Official Gazette and approved by the Governor of the State of Rio de Janeiro,

On August 25, 2016, the Brazilian Development Bank (Banco Nacional de Desenvolvimento Econômico e Social – BNDES) approved a Program to Promote the Revitalization of Productive Assets (Programa de Incentivo à Revitalização de Ativos Produtivos), ...

The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários) issued CVM Instruction No. 519, of January 26, 2012 (CVM Instr. 519/2012), which amends CVM Instruction No. 28, of November 23, 1983 (CVM Instr. 28/1983), dealing with the fiduciary activity performed by the debenture holders' trustee (agente fiduciário dos debenturistas) in the Brazilian capital market. The changes introduced by CVM Instr. 519/2012 are described herein.

The Brazilian Certificates of Real Estate Receivables (Certificados de Recebíveis Imobiliários – CRI) are securities backed by real estate receivables, which are very similar to mortgage pass-through securities issued in the United States.